Knitting Factory knabbed
p2pnet.net News:- Making the point that Big Music isn’t the only Bad Actor, New York and Los Angeles music club the Knitting Factory has, "reached an agreement with artists on its record label to pay damages for underreporting royalties, disposing of unsold CDs and not allowing artists to retain the rights to their work," says the Associated Press.
"What’s unique here is that the artists organized to do something about it, and it was also one of the first times that a major union was supporting them," Marc Ribot, a New York musician who has played regularly at the club but wasn’t involved in the settlement, is quoted as saying.
The Knitting Factory will pay $1,250 in back royalties to each musician who signed on to the settlement, according to David Lennon, president of Local 802 of the American Federation of Musicians.
It also agreed to return to some 80 artists all rights to their work and the master recordings and will enter into arbitration, "with those artists who were not party to the agreement over mechanical royalties dating to Jan. 1, 2000, and to return to them the rights to master recordings," adds AP.
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See:-
pay damages – Knitting Factory settles with musicians over royalties, back catalog, Associated Press, December 16, 2004
